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Golden Entertainment Inc. announced on Monday that it will acquire American Casino & Entertainment Properties LLC (ACEP) in a deal worth approximately $849.2 million. ACEP owns the Stratosphere Casino, Hotel & Tower in Las Vegas, Arizona Charlie’s Decatur and Arizona Charlie’s Boulder, and the Aquarius Casino Resort in Laughlin. Golden, which was once known as… Read more »
The New Jersey State Assembly passed a bill which would legalize and regulate daily fantasy sports last week by a vote of 56 to 16 (six did not vote and two abstained, which sounds the same but is actually different). A3532 is sponsored by Assemblymen Vincent Mazzeo, Ralph Caputo, Paul Moriarty, and John J. Burzichelli… Read more »
Tony Romo is somewhat of a controversial figure in Dallas sports history. He played for the NFL’s Cowboys for over a decade, most of that as the team’s starting quarterback. He had his injury problems, but when healthy, he was generally quite good with moments of greatness. In 2014, the last season in which he… Read more »
When it comes to legal news, the gambling world (or at least the gambling U.S.) has been focused on Pennsylvania this year, as it is expected that online gambling will be legalized in the Commonwealth before the year is up. Sneakily, though, a small move is being made to legalize and regulate sports betting in… Read more »
DraftKings and FanDuel are far and away the dominate players in the daily fantasy sports (DFS) space in the United States, owning somewhere in the vicinity of 90 percent of the market share. So when it came time for the National Basketball Association (NBA) – an equity holder of FanDuel – to partner with a… Read more »
The Trump Taj Mahal casino in Atlantic City has been closed for six months (cue reminder that Donald Trump somehow ran multiple casinos into the ground). It will not be opening any time particularly soon, but it does look like it will have new life breathed into it, as its sale to Hard Rock International… Read more »
The Buffalo News reported last week that the New York’s Seneca Nation of Indians is discontinuing its payments of casino revenue to the state. The plan is to halt the casino share this week; if it happens, the New York state government stands to lose as much as $110 million in revenue per year. It… Read more »
Blacklists are not generally considered a good thing. I mean, right when you hear the word “blacklist,” you kind of recoil and nearly inaudibly say, “egh,” don’t you. Well, there are a lot of people making “who farted?” faces in Colombia right now, as the South American country’s gambling regulatory agency, Coljuegos has handed a… Read more »
Neither company has confirmed anything, but reports out of Pennsylvania last week have the Sands Bethlehem Casino on the verge of being sold to MGM Resorts International. According to The Morning Call, which cites two sources for its information, the deal for the Las Vegas Sands-owned casino would be worth $1.3 billion. A few weeks… Read more »
The connotation of gambling is not typically a positive one; gamblers are not typically thought by “outsiders” to be generous or philanthropic. We in the poker industry know better, though, as every year, there are loads of live and online charity tournaments and funding drives, highlighted by the One Drop tournaments at the World Series… Read more »
Collegiate sports are fun to watch. I love my Virginia Cavaliers; while I don’t get too hung up on the exploits of kids half my age (my wife would argue this), I enjoy cheering for my alma mater’s student-athletes and I do take a little pride in seeing them get better and better throughout their… Read more »
The important poker people were in Beverly Hills last Thursday receiving their shimmering trophies at the 3rd Annual GPI American Poker Awards. It was kind of like Sunday night’s Oscars except nobody posted about it on Facebook and David Peters was correctly announced as GPI Player of the Year on the first try. Many of… Read more »
As we told you on Tuesday, there has been a lot of talk in the past week about an incident on BetOnline.com in which a live blackjack dealer appeared to cheat a player. The site has responded by saying it is investigating the incident; it has also jettisoned the provider that had been running the… Read more »
People in the United States who are 18-years old can drive, can purchase cigarettes, can go to war, can vote…18-year olds are considered adults. There are very few things 18-year olds are not allowed to do. They can’t be President of the United States (though an exception was made recently to allow a child in… Read more »
Time to pack it in. The only hurdle left for computers to overcome in order to take over the Earth is sentience. This week, the Libratus Poker AI, developed by Tuomas Sandholm and Noam Brown at Carnegie Mellon University, completed a total destruction of four professional poker players in heads-up No-Limit Hold’em. This comes just… Read more »
The Las Vegas Sands Corp., headed by online poker’s top enemy, Sheldon Adelson, has agreed to pay a $6.96 million criminal penalty to settle a federal case in which the government was investigating the company’s potential violations of the Foreign Corrupt Practices Act (FCPA). The issue at hand stems back nearly seven years to 2010,… Read more »
On Monday, Antigua and Barbuda Governor-General Sir Rodney Williams announced that legislation will soon be introduced that will allow his country to collect on the judgment awarded to it by the World Trade Organization (WTO) in response to the United States’ negative stance on internet poker years ago. Antigua and Barbuda has been issuing online… Read more »
The NFL is down to its final four teams: the Pittsburgh Steelers face the New England Patriots in the AFC Championship Game and MY Green Bay Packers will head down to Atlanta to take on the Falcons in the NFC Championship Game. Up until Sunday night, when the Packers and Steelers won games that went… Read more »
The Trump Taj Mahal has been closed for three months, a black hole on the uptown end of the Atlantic City Boardwalk. Its owner, Carl Icahn, shows little serious desire to do anything to revive it. Last Wednesday, Atlantic City Mayor Don Guardian spoke with reporters after his State of Atlantic City speech at the… Read more »
I still don’t exactly get why daily fantasy sports is so much more acceptable to lawmakers than online poker (well, I do, but I am going to remain indignant about it), but hey, at least daily fantasy sports is gaining legal traction in the U.S. Some form of online gambling might as well. On Tuesday,… Read more »
Nervous about potential online gambling-ending legislation, internet gaming operators are making plans to bolt the Australian market. In the past week, the first domino fell, Vera&John, a site that sounds more like a place to order chocolate-dipped fruit than an online casino, told its Australian customers that their accounts will have to be closed. In… Read more »
According to the New York Post, Carl Icahn, whose Icahn Enterprises owns the Trump Taj Mahal casino in Atlantic City, is in discussions with other casino operators to sell the property. The former center of east coast poker closed on October 10th. Aside from making money, one of the reasons Icahn is looking to make… Read more »
Former Amaya, Inc. CEO David Baazov has ended his bid to purchase his former company and take it private. His offer was for CAD $24 per share, a 30 percent premium over Amaya’s stock price on November 11th, the date the offer was made. The total deal would have been worth nearly CAD $3.5 billion.… Read more »
Another daily fantasy sports (DFS) site – or should we say sites, plural – bites the dust. The iTEAM Network announced yesterday that it is shutting down. Customers of the network’s sites should not have anything to fear, though, as a network representative confirmed to LegalSportsReport.com that player funds were kept separate from operating funds… Read more »
Merger talks between GVC Holdings and Ladbrokes Coral Group have broken down, according to a Tuesday report by The Financial Times. Shares in Ladbrokes Coral dropped 9 percent on the news Monday, and though they have bumped up slightly since, they have yet to get back to where they were when the markets were excited… Read more »
